Advanced Maritime Transport S.A. was selected as the preferred bidder to acquire 65.5% stake in Medserv p.l.c. (MTSE:MDS) from Anthony Diacono and Malampaya Investments Limited on November 1, 2019. Advanced Maritime Transport S.A. entered into a conditional agreement to acquire 65.5% stake in Medserv p.l.c. (MTSE:MDS) from Anthony Diacono and Malampaya Investments Limited on November 29, 2019. The process outlined in the conditional agreement signed by the major shareholders and AMT includes the acquisition of AMT’s businesses under the Group’ listed Company, Medserv plc, in exchange of new shares. Subject to the Board of Directors of Medserv plc agreeing with the share for share exchange, and all conditions set in the agreement being fulfilled, the process is expected to take three to four months to complete. Advanced Maritime Transport S.A. cancelled the acquisition of 65.5% stake in Medserv p.l.c. (MTSE:MDS) from Anthony Diacono and Malampaya Investments Limited on November 1, 2020.